Latest ABS news

  • Pet supply who biz securitization shelved

    Pet Supplies Plus cancelled its $330m inaugural whole business securitization backed by franchise fees and company profits planned for this week.

    • 16 Aug 2019
  • People moves in brief

    Bank of America Merrill Lynch hires fintech chief — Perella Weinberg builds European restructuring team — UniCredit finds SSA trading boss.

    • 15 Aug 2019
  • Polish mortgage law has ‘significant adverse effects’

    A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.

    • 15 Aug 2019
  • Lloyds pre-2019 deals set to satisfy STS criteria

    Lloyds announced today that it has submitted notifications to certify legacy deals from Penarth Master Issuer as compliant with the ‘simple, transparent and standardised’ (STS) regime.

    • 15 Aug 2019
  • Preschool franchise ABS heavily oversubscribed

    Primrose School Franchising Company priced its inaugural $275m whole business loan securitization on Wednesday, with order books three times oversubscribed, according to sources.

    • 14 Aug 2019
  • ‘Buy now, pay later’ receivables to be securitized

    Fintech firms are in talks with investment bankers and lawyers to securitize shopping credit originated in the form of 'buy now, pay later' transactions. A securitization of the customer receivables would mark a new asset class in European ABS.

    • 14 Aug 2019
  • Second issuer brings inaugural MPL ABS in August

    National Funding announced its first ever securitization this week, a $120m deal backed by loans made to small and medium sized business. The California-based company is the second marketplace lender to come to market in August with a debut deal.

    • 14 Aug 2019
  • Slow covered bond restart expected

    Covered bond issuers are circling the market looking to print come September. But this year the usual autumnal restart could be delayed until after the European Central Bank meeting on the 12th.

    • 14 Aug 2019
  • HSBC partners with fintech for consumer loan push

    HSBC has launched a personal lending platform in partnership with Amount, the bank partnership business unit of marketplace loan ABS issuer Avant. The move is the latest example of banks going online, often partnering with fintech firms, to tap into the consumer finance segment.

    • 13 Aug 2019
  • ABS spreads widen after week of jarring macro shocks

    Primary and secondary ABS spreads widened across the board last week, particularly for the prime and retail auto lease sectors. The volatility comes on the heels of a “paradigm shift” in the markets in response to trade war worries and a discouraging policy response from the Federal Reserve.

    • 12 Aug 2019

ABS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%